Nigeria’s Inflation Hits Highest Level in Almost Two Decades Amid Reforms
Nigeria's annual inflation rate has surged to 24.08% in July, marking its highest level in nearly two decades and!-->…
FMCGs Report Significant Net Foreign Exchange Losses Amid Exchange Rate…
Major consumer goods companies in Nigeria, especially in the fast-moving consumer goods (FMCG) sector, have!-->…
Disability Inclusion Forum Urges President to Review VAT, Address Socioeconomic…
The Accelerate Disability Inclusion in Emergencies Forum (ADIE) has called on President Bola Tinubu to revert the!-->…
Nigeria Air’s Commencement of Operations Delayed Due to Lack of Airline…
The proposed national carrier of Nigeria, Nigeria Air, may face further delays in commencing operations as it!-->…
Nigerian Government Considers Selling Stakes in State-Owned Companies to Raise…
The Nigerian Federal Government is reportedly exploring the possibility of selling stakes in around 20 state-run!-->…
Nigerian Oil Marketers Urge Gradual Relaxation of Fuel Subsidy Removal
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of!-->…
Resilient Trade Relations Between Ghana and the USA Reach All-Time High
Trade relations between Ghana and the United States of America (USA) have demonstrated remarkable resilience, with!-->…
Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market…
In an unexpected policy reversal, the government of Kenya has reintroduced fuel subsidies in response to surging!-->…
Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks
Safaricom, a prominent telecommunications company in Kenya, has gained the Central Bank of Kenya's (CBK)!-->…
Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling…
Oil marketers in Kenya are engaged in discussions with the government to shield themselves from foreign exchange!-->…
Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria
The foreign exchange crisis in Nigeria and the recent implementation of a 7.5% Value Added Tax (VAT) on Automotive!-->…
Nigerian Central Bank Implements Measures to Counter Naira Decline and Speculative…
Amidst the recent depreciation of the naira in the parallel market, the Central Bank of Nigeria (CBN) has!-->…
Stakeholders to Address Challenges in Nigeria’s Electronic Payment System
Stakeholders in Nigeria's electronic payment system are gearing up to find solutions to challenges that emerged in!-->…
Resumption of Forcados Crude Oil Exports After Month-Long Halt
Exports of the Forcados grade of crude oil have resumed, according to a statement by a Shell spokesperson. The!-->…
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth…
The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to!-->…
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to!-->…
Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign!-->…
ECL Launches “WorkMate” Automation Tool to Enhance Productivity and…
ECL has launched an automation tool named "WorkMate" that offers pre-built automations for various industries. The!-->…
Central Bank of Kenya Sets New Interest Rate Corridor to Guide Interbank Lending
The Central Bank of Kenya (CBK) has introduced a new interest rate corridor to guide interbank lending and control!-->…
Vista Group Acquires Majority Stake in Orabank to Create Pan-African Banking Group
Vista Group has agreed to acquire a 61.4% stake in Orabank S.A., the holding company of Orabank, from existing!-->…
Prosper Africa Partners with African Asset Fund Managers to Mobilize $200 Million…
Prosper Africa has announced partnerships with four African asset fund managers under the Prosper Africa Catalytic!-->…
African Mobility Fintech Moove Raises $76 Million to Expand Vehicle Financing…
Nigerian mobility fintech company Moove has secured $76 million in funding to expand its vehicle financing!-->…
Knife Capital Successfully Closes R941 Million African Series B Expansion Fund
South African venture capital firm, Knife Capital, has successfully concluded its African Series B expansion fund,!-->…
Stanlib Asset Management Invests in South African Solar and Battery Platform…
Stanlib Asset Management, a local investor in sustainable infrastructure, has acquired a stake in Solareff, a!-->…
Federal Government Plans N360 Billion Bond Issuance to Bridge Budget Deficit
The Federal Government of Nigeria is set to raise N360 billion in new borrowings through a bond auction to address!-->…
NGX RegCo Advocates Expert Guidance and Data Monitoring for Effective ESG…
NGX Regulation Limited (NGX RegCo) has emphasized the importance of seeking expert guidance and systematically!-->…
Guinea Insurance Secures Regulatory Approval for Private Placement of 1.8 Billion…
Guinea Insurance Plc has announced that it has received regulatory clearance to conduct a private placement for!-->…
No Directive Yet on Cancellation or Re-award of N48bn Niger Delta Pipeline…
Contrary to speculation, the Federal Government has not issued any directive regarding the cancellation or!-->…
Petrol Price in Nigeria May Rise to N680/litre Due to Dollar Fluctuations
Oil marketers have signaled that the cost of Premium Motor Spirit (petrol) could increase to between N680/litre!-->…
Central Bank of Nigeria Records N40.67bn Loans to Staff in 2022
The Central Bank of Nigeria (CBN) disclosed that it provided loans amounting to N40.67 billion to its staff!-->…